Valuation NTPC Ltd Bombay S.E.

Stocks

NTPC

INE733E01010

Independent Power Producers

Delayed Bombay S.E. Other stock markets 06:00:56 2026-07-03 EDT			5-day change	1st Jan Change
356.30 ^INR	-0.57%		+0.08%	+8.15%

06-29	NTPC Forms Wholly-Owned Subsidiary in Mauritius	MT
06-24	Adani aims to be major player in India's nuclear power sector, targeting 10 GW by 2035	RE

Company Valuation: NTPC Ltd

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	1,033,180	1,309,050	1,697,886	3,256,140	3,467,528	3,473,831	-	-
Change	-	26.7%	29.7%	91.78%	6.49%	0.18%	-	-
Enterprise Value (EV) ¹	2,650,689	2,990,965	3,510,445	5,062,325	5,272,178	5,474,576	5,467,578	5,514,461
Change	-	12.84%	17.37%	44.21%	4.15%	3.84%	2.3%	0.86%
P/E	7.62x	8.12x	9.88x	19.2x	17.7x	15.5x	15.8x	14.7x
PBR	0.87x	1.02x	1.22x	2.17x	2.15x	2.06x	1.82x	1.69x
PEG	-	0.4x	1.48x	-13.62x	1.1x	0.9x	2.71x	2.01x
Capitalization / Revenue	1.04x	1.13x	1.04x	2.01x	2.04x	2.17x	1.84x	1.74x
EV / Revenue	2.67x	2.58x	2.14x	3.13x	3.1x	3.31x	2.89x	2.76x
EV / EBITDA	9.2x	8.84x	8.12x	11.7x	11.6x	12.2x	10.7x	10.2x
EV / EBIT	14.4x	13.2x	11.7x	17.3x	17.4x	19x	16x	15.3x
EV / FCF	30.3x	17x	19.4x	29.1x	25.9x	30x	49.2x	39.3x
FCF Yield	3.3%	5.88%	5.15%	3.43%	3.86%	3.33%	2.03%	2.55%
Dividend per Share ²	6.15	7	7.25	7.75	8.35	9	9.54	9.999
Rate of return	5.77%	5.19%	4.14%	2.31%	2.34%	2.43%	2.66%	2.79%
EPS ²	13.99	16.62	17.73	17.48	20.26	23.89	22.67	24.33
Distribution rate	44%	42.1%	40.9%	44.3%	41.2%	37.7%	42.1%	41.1%
Net sales ¹	992,067	1,161,373	1,637,698	1,619,850	1,700,374	1,654,937	1,892,272	1,999,048
EBITDA ¹	288,034	338,457	432,284	431,824	453,732	447,991	508,709	538,316
EBIT ¹	183,916	226,116	300,917	292,392	303,173	287,682	341,279	359,598
Net income ¹	137,695	161,114	171,967	180,794	196,494	231,622	220,534	237,082
Net Debt ¹	1,617,509	1,681,915	1,812,559	1,806,184	1,804,650	1,880,506	1,993,747	2,040,631
Reference price ²	106.55	135.00	175.10	335.80	357.60	358.25	358.25	358.25
Nbr of stocks (in thousands)	9,696,666	9,696,666	9,696,666	9,696,666	9,696,666	9,696,666	-	-
Announcement Date	6/19/21	5/20/22	5/19/23	5/24/24	5/24/25	5/23/26	-	-

¹INR in Million²INR

Estimates

P/E, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ADANI POWER LIMITED	31.99x	7.8x	20.24x	-.--%	45.49B
TALEN ENERGY CORPORATION	16.51x	5.4x	11.21x	0.02%	16.55B
SDIC POWER HOLDINGS CO., LTD	14.68x	4.66x	8.38x	3.71%	15.97B
CHINA RESOURCES POWER HOLDINGS COMPANY LIMITED	6.86x	2.79x	7.51x	5.94%	11B
CAPITAL POWER CORPORATION	32.58x	4.6x	10.64x	3.88%	7.91B
HUADIAN POWER INTERNATIONAL CORPORATION LIMITED	9.88x	1.43x	8.54x	5.48%	7.46B
NLC INDIA LIMITED	15.59x	-	-	-	4.59B
HUBEI ENERGY GROUP CO., LTD.	16.56x	-	-	2.68%	4.66B
Average	18.08x	4.45x	11.09x	3.1%	14.2B
Weighted average by Cap.	22.16x	5.71x	14.09x	1.92%